The average salary for an economist in Minnesota is around $105,120 per year.
Avg Salary
Economists earn an average yearly salary of $105,120.
Wages typically start from $58,380 and go up to $197,870.
59% above national average Updated in 2025
Economist earnings by seniority
90th percentile
Top-level economist earnings begin at:
$95.13 per hour
$197,870 per year
75th percentile
Senior-level economist earnings begin at:
$68.49 per hour
$142,460 per year
50th percentile
Mid-level economist earnings begin at:
$50.54 per hour
$105,120 per year
25th percentile
Junior-level economist earnings begin at:
$30.76 per hour
$63,980 per year
10th percentile
Starting level economist earnings begin at:
$28.07 per hour
$58,380 per year
Approximate values based on highest and lowest earning segments.
Economist salary by state
| State Name | Average Salary |
|---|---|
| Iowa | $96,310 |
| Arkansas | $91,560 |
| Maine | $91,480 |
| Nevada | $91,340 |
| Utah | $90,750 |
| Oklahoma | $89,980 |
| Montana | $89,340 |
| New Hampshire | $86,130 |
| Wisconsin | $84,000 |
| Hawaii | $83,050 |
| Vermont | $81,700 |
| Indiana | $80,750 |
| Arizona | $79,610 |
| Nebraska | $75,880 |
| South Carolina | $75,380 |
| Louisiana | $73,050 |
| Wyoming | $72,730 |
| Kentucky | $71,400 |
| New Mexico | $67,700 |
| Mississippi | $65,410 |
| West Virginia | $65,350 |
| Puerto Rico | $35,640 |
| District of Columbia | $167,590 |
| New Jersey | $167,550 |
| Delaware | $159,120 |
| Maryland | $144,680 |
| Kansas | $138,790 |
| Virginia | $137,590 |
| New York | $136,660 |
| North Carolina | $136,150 |
| Idaho | $131,270 |
| Alabama | $129,960 |
| Georgia | $122,570 |
| Oregon | $122,120 |
| Texas | $121,420 |
| Colorado | $121,410 |
| Ohio | $120,000 |
| California | $119,410 |
| Tennessee | $117,650 |
| Missouri | $117,010 |
| Pennsylvania | $115,000 |
| Alaska | $111,040 |
| Washington | $109,300 |
| Massachusetts | $106,380 |
| Michigan | $106,350 |
| Illinois | $105,980 |
| Minnesota | $105,120 |
| Florida | $102,430 |
| Connecticut | $101,400 |
How do economist salaries compare to similar careers?
Economists earn 6% less than similar careers in Minnesota. On average, they make less than fundraising managers but more than loan officers.
| Career | Median Salary |
|---|---|
| Fundraising manager salary | $127K |
| Financial advisor salary | $103K |
| Actuary salary | $128K |
| Securities and commodities broker salary | $83K |
| Stock trader salary | $83K |
| Economist salary | $105K |
| Operations manager salary | $99K |
| Financial analyst salary | $103K |
| Business analyst salary | $101K |
| Loan officer salary | $95K |
Source: CareerExplorer (Aggregated)